UCI offers explanation on failed Pegasus licence

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The sports governing body, the Union Cycliste Internationale (UCI) today issued a press release that went some way to explaining why Pegasus, the Australian concern, failed in its bid for a ProTeam licence.

The press release (in full below) claims that Pegasus Sports, run by Chris White, missed deadlines, failed mainly on financial grounds and 'proved to be rather unprofessional from the start.'

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